Followers | 145 |
Posts | 27566 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Monday, August 15, 2005 3:20:57 AM
Monday August 15, 3:13 am ET
RESEARCH TRIANGLE PARK, North Carolina, August 15 /PRNewswire-FirstCall/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS, TASE: SPNS) today announced that JA Ishikawa Computer Center has signed a 60 million Yen (approximately $500,000) license and maintenance agreement with Sapiens Japan.
ADVERTISEMENT
JA Ishikawa has been a Fujitsu mainframe user for 25 years, but has decided to replace its system and migrate to IBM iSeries by the end of 2006, in order to rebuild its system with Sapiens eMerge(TM).
Because of mandatory retirement, many individuals leading Japan's economy will retire in 2007, or soon thereafter. This is expected to cause difficulties in passing accumulated know-how down to younger generations. Similarly, in IT departments, application developers from the mainframe era will retire with the remaining individuals lacking full understanding of the complete system. It is believed that system rebuilding by staff of all generations is crucial to prepare for the near future.
Each of the 47 prefectures in Japan has a JA, a Japan Agricultural Cooperative. Japan Agricultural Cooperatives has been promoting a nationwide revolution in utilization of its system. JA Ishikawa is the fourth JA to introduce Sapiens, after JA Kumamoto, JA Chiba and JA Nagano.
In an interview with the Japanese magazine, Computer Report, Managing Director Yoshikazu Akamaru, and Mikio Ohyama, Consultant, of JA Ishikawa Computer Center described their decision to use Sapiens eMerge(TM). "Using package software or outsourcing would not ensure flexibility to meet drastic changes in the JA business environment. From our observations of other JAs, we learned that outsourcing is very expensive both in development and operation, and that developing new systems with eMerge(TM) is more cost efficient than customizing existing software packages. Introduction of eMerge(TM) will be the best way to reduce TCO (Total Cost of Ownership) by efficiently utilizing our expertise and Sapiens' developed business knowledge, to overcome the year 2007 issue."
Manabu Okada, President, Sapiens Japan's, commented, "JA Ishikawa made a decision to introduce eMerge(TM) a few months after our presentation in February. We hope their move will have an impact on other JA prefectural organizations. Sapiens Japan is committed to giving full support to rebuild JA's system that is currently running on a Fujitsu mainframe and will make this project a success."
About JA Ishikawa Computer Center
JA Ishikawa Computer Center develops and operates systems for local groups in the Ishikawa Prefecture. The JA systems cover (1) collection of agricultural and stock farm products and the offer of these to market, and payment for products, (2) provision of fertilizer and manure, pesticide, livestock feed and gasoline and kerosene.
About Sapiens International
Sapiens International Corporation N.V. (NASDAQ: SPNS, TASE: SPNS), a member of the Formula Group (NASDAQ: FORTY, TASE: FORT), is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, Allianz Group, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial Group, Abbey National, ING, Menora and Occidental Fire & Casualty among others.
For more information, please visit http://www.sapiens.com or contact Manabu Okada.
http://biz.yahoo.com/prnews/050815/ukm003.html?.v=23
Dubi
Recent SPNS News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 10:09:08 AM
- Sapiens Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/08/2024 09:55:00 AM
- Sapiens to Participate in the Needham Technology, Media, & Consumer Conference on May 15, 2024 • PR Newswire (US) • 05/01/2024 11:55:00 AM
- Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands • PR Newswire (US) • 04/25/2024 10:28:00 AM
- Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands • PR Newswire (US) • 04/25/2024 10:24:00 AM
- SAPIENS TO ANNOUNCE FIRST QUARTER OF 2024 FINANCIAL RESULTS ON MAY 8, 2024 • PR Newswire (US) • 04/24/2024 10:22:00 AM
- Sapiens Launches IntegrateAI, the Second Release in its DecisionAI Portfolio • PR Newswire (US) • 04/18/2024 12:32:00 PM
- Sapiens Launches IntegrateAI, the Second Release in its DecisionAI Portfolio • PR Newswire (US) • 04/18/2024 12:31:00 PM
- Sapiens Files Annual Report on Form 20-F for the Year Ended December 31, 2023 • PR Newswire (US) • 03/26/2024 01:25:00 PM
- SAPIENS DECLARES CASH DIVIDEND OF $15.6 MILLION, OR $0.28 PER SHARE FOR THE SECOND HALF OF 2023 • PR Newswire (US) • 03/25/2024 11:00:00 AM
- Celent Names Sapiens P&C Claims Solution as 2024 Luminary in EMEA and APAC • PR Newswire (US) • 03/21/2024 12:22:00 PM
- Celent Names Sapiens P&C Claims Solution as 2024 Luminary in EMEA and APAC • PR Newswire (US) • 03/21/2024 12:20:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 01:53:34 PM
- Celent Names Sapiens ClaimsPro for P&C in North America as 2024 Luminary • PR Newswire (US) • 03/11/2024 01:48:00 PM
- Celent Names Sapiens ClaimsPro for P&C in North America as 2024 Luminary • PR Newswire (US) • 03/11/2024 01:45:00 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (US) • 03/04/2024 01:46:00 PM
- Sapiens étend sa présence sur le marché canadien pour accélérer la croissance des assureurs canadiens • PR Newswire (Canada) • 03/04/2024 01:42:00 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (Canada) • 03/04/2024 01:37:00 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (US) • 03/04/2024 01:32:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/04/2024 01:30:27 PM
- Sapiens Expands Presence in Canadian Market to Accelerate Growth for Canadian Insurers • PR Newswire (US) • 03/04/2024 01:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 01:25:23 PM
- Sapiens and DataCrest Forge Partnership to Elevate Underwriting Precision in P&C Sector • PR Newswire (US) • 02/26/2024 01:25:00 PM
- Sapiens and DataCrest Forge Partnership to Elevate Underwriting Precision in P&C Sector • PR Newswire (US) • 02/26/2024 01:25:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 11:22:10 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM